Electronic Toll Collection Systems: A Global Strategic Business Report
San Jose, California (PRWEB) October 06, 2011
Follow us on LinkedIn - While some countries focus on using Road User Charging (RUC) as a continuous source of garnering finances for various infrastructure-related projects such as road and highway construction, others employ it as a dual tool to reduce vehicular congestion on roads while simultaneously curbing environmental pollution. Some countries also enforce road user charging to implement model-shifts or shift towards other modes of transportation such as railways for achieving equitable balance between road and rail transport systems. RUC, as a strategy to reduce congestion will continue to gain in significance in the upcoming years given the fact that clogging of transportation networks, risks posed to environmental sustainability and public health costs the world’s leading economies billions of dollars in losses.
In a bid to make transportation networks/infrastructure more efficient, governments across the world are investing heavily in intelligent transportation systems (ITS) and technologies such as Advanced Traffic Management Systems (ATMS), Public Vehicle Transportation Management Systems (PVTMS), Electronic Toll Collection (ETC) Systems), Commercial Vehicle Operations (CVO) Systems and Advanced Vehicle Information Systems, among others. With the government’s long-term transportation planning heavily skewed towards tolling, its opportunities galore for electronic toll collection systems (ETC). ITS enabled electronic toll collection (ETC) systems, which promises a superior and easy way of collecting road user charges, and with compelling benefits, such as, ability to increase the throughput of vehicles through tolling facilities and reduce cost of transaction processing, will score the highest gains in the upcoming years.
Despite recent economic recession, the market for electronic toll collection systems held its ground, primarily driven by economic stimulus packages doled by governments across the globe, a major portion of which have been earmarked for road construction and development projects. With the economic slowdown having put immense pressure on public and private funding, governments have turned towards road pricing for generating revenues/funds for infrastructure projects. This is proving to be a perfect business case for adoption of advanced tolling systems, particularly ETC systems, which are capable of cost effective implementation of sophisticated tolling schemes thus maximizing revenues for the government. Also, with transport infrastructure being critical to the overall economy of the nation, demand for ETC systems, a vital cog in the ITS wheel, goes beyond the temporary weakness in the economy.
Mounting environmental concerns over increase in vehicular traffic and emissions and the resulting deterioration in air quality, is also pushing into the spotlight the importance of tolling in traffic management and curbing congestion. Carbon dioxide emissions from vehicles are especially high during peak traffic situations or during traffic congestions, which calls for immediate attention. Tolling, as a means to collect road user charges from commuters can also double up as a means to control harmful emissions from vehicles, as high road user chargers typically discourage commuters to use private vehicles and adopt public transportation. By eliminating the need for drivers to slow down or even stop for making payments, ETC systems enable free-flowing traffic, thus helping reduce emissions, which tend to be severe particularly when vehicles slow down or pick up speed.
Innovation and market differentiation are highly critical for the success of ETS projects. In a highly competitive marketplace, service providers need to innovate and offer value-added services in order to differentiate their offerings with those of competitors, and thereby gain competitive edge. As a case in point, differentiation through value-added services has been the means for players in this space to sustain, consolidate and increase user patronage for ETC systems.
As stated by the new market research report on Electronic Toll Collection Systems, the United States is the largest regional market worldwide. The US is expected to make an investment of about US$210 billion in Intelligent Transportation Systems and Service infrastructure by 2011, a substantial portion of which will be focused on ETC systems. China represents the fastest growing regional market for ETC systems with annual dollar sales in the nation waxing at a CAGR of more than 20% over the analysis period.
Major players in the marketplace include Atlantia SpA, C-S Communication & Systems, Caseta Technologies, Inc., G.E.A., International Road Dynamics, Inc., Kapsch TrafficCom AG, Perceptics LLC, Q-FREE ASA, SAIC, Inc., Siemens Mobility, Sirit, Inc., TRMI Systems Integration, Toll Collect GmbH, Transcore Holdings, Inc, Transtoll, among others.
The research report titled “Electronic Toll Collection Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues and growth drivers. The report provides market estimates and projections in US$ Million across all major geographic markets including US, Canada, Japan, Europe (France, Italy, Spain, Austria, Portugal, and Rest of Europe), China, South Korea, and Rest of World.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Electronic_Toll_Collection_ETC_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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